Mickey is 40 years old and has his retirement savings in a 401(k). if he makes $55,000 annually, what is the maximum percentage of his income that he can contribute to his 401(k) plan per year? (the current maximum contribution limit is $16,500.)

30%.

Step-by-step explanation:

We have been given that Mickey makes $55,000 annually and the current maximum contribution limit to 401(k) plan is $16,500. We are asked to find the maximum percentage Mickey can contribute of his 401(k) plan.

To find the maximum contribution percentage, we need to figure out $16,500 is what percent of $55,000.

Therefore, Mickey can contribute 30% of his annual income to his 401(k) plan at maximum.

problem:

f(x) = - 2/3x + 5; f(5/2)

substitute 5/2 in for x:

f(5/2) = -2/3(5/2) + 5

simplify the right side:

f(5/2) = -5/3 + 5

f(5/2) = 10/3

f(5/2) = 10/3

i hope this !